News Release

NASHVILLE, Tenn. - (February 20, 2004) - Corrections Corporation of America (NYSE: CXW), announced today that it will hold its 2004 Annual Meeting of Stockholders at 10:00 a.m., Central Time, on Thursday, May 13, 2004, at the Hilton Suites, 121 Fourth Avenue South, Nashville, Tennessee. The record date for common stockholders entitled to notice of and to vote at the annual meeting has been set for Wednesday, March 31, 2004. The matters to be considered at the meeting will be set forth in the proxy materials to be filed by the Company with the Securities and Exchange Commission and to be distributed to the Company's stockholders.

About the Company

The Company is the nation's largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and four states. The Company currently operates 64 facilities, including 38 company-owned facilities, with a total design capacity of approximately 65,000 beds in 20 states and the District of Columbia. The Company specializes in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, the Company's facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. These services are intended to reduce recidivism and to prepare inmates for their successful re-entry into society upon their release. The Company also provides health care (including medical, dental and psychiatric services), food services and work and recreational programs.

The Company takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.